Connect with us

Technology

Calibration Services Market to Grow by USD 1.79 Billion from 2024-2028, Strict Regulations on Product Safety, Quality, and Compliance Drive Growth, Report Highlights AI’s Impact on Market Dynamics – Technavio

Published

on

NEW YORK, Aug. 29, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global calibration services market size is estimated to grow by USD 1.78 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.54% during the forecast period. Stringent regulations related to product safety, quality, and compliance is driving market growth, with a trend towards launch of new calibration solutions by vendors. However, shortage of skilled calibration professionals poses a challenge. Key market players include ABB Ltd., Beamex Oy AB, Bureau Veritas SA, Endress Hauser Group Services AG, ESSCO Calibration Laboratory, Eurofins Scientific SE, Fluke Corp., Hexagon AB, Intertek Group Plc, Keysight Technologies Inc., Micro Precision Calibration, Mitutoyo America Corp., National Instruments Corp., Omega Engineering Inc., Pratt and Whitney Measurement Systems, Inc., Rohde and Schwarz GmbH and Co. KG, SGS SA, Siemens AG, SIMCO Electronics, Tektronix Inc., Transcat Inc., Trescal International SAS, and Viavi Solutions Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Calibration Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.54%

Market growth 2024-2028

USD 1786.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.36

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Germany, UK, Japan, and India

Key companies profiled

ABB Ltd., Beamex Oy AB, Bureau Veritas SA, Endress Hauser Group Services AG, ESSCO Calibration Laboratory, Eurofins Scientific SE, Fluke Corp., Hexagon AB, Intertek Group Plc, Keysight Technologies Inc., Micro Precision Calibration, Mitutoyo America Corp., National Instruments Corp., Omega Engineering Inc., Pratt and Whitney Measurement Systems, Inc., Rohde and Schwarz GmbH and Co. KG, SGS SA, Siemens AG, SIMCO Electronics, Tektronix Inc., Transcat Inc., Trescal International SAS, and Viavi Solutions Inc.

Market Driver

The Calibration Services Market is a significant industry that ensures the accuracy and reliability of measuring instruments. Providers offer on-site and laboratory calibration services using advanced equipment. Businesses across various sectors rely on calibration services to maintain product quality and regulatory compliance. The market is driven by increasing industrial automation and growing demand for precision measurement. Providers focus on delivering timely and cost-effective solutions to meet customer needs. 

Calibration services play a crucial role in ensuring measurement accuracy and quality assurance across various industries. Key trends in this market include the use of advanced calibration equipment such as optical power meters, network analyzers, power analyzers, and voltage meters. Sectors like aerospace, manufacturing, energy and utilities, electronics manufacturing, biotechnology, and military are major consumers of calibration services. Services offered include electrical and mechanical calibration, thermodynamic calibration, and physical/dimensional calibration. Communication, instrument management, procurement facilitation, and equipment rental options are also part of the value proposition. Calibration services are essential for industries dealing with precision manufacturing, 5G technology, autonomous vehicles, augmented reality, and virtual reality. Key end-users include aerospace and defense, oil and gas, power generation, chemicals, water, telecommunications, semiconductors, healthcare, and life sciences. Calibration services provide calibration for various instruments like soldering stations, digital multimeters, clamp-on multimeters, data acquisition systems, clamp-on calipers, thermocouples, thermistors, and platinum resistance thermometers. With the evolving technology landscape, calibration services continue to adapt and innovate to meet the changing needs of businesses. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

The Calibration Services Market ensures accurate measurement and maintenance of equipment and instruments. Providers offer on-site and laboratory calibration services using advanced technology. Businesses benefit from improved product quality, increased efficiency, and regulatory compliance. Calibration services save costs by reducing equipment downtime and extending asset life. Companies in various industries, including manufacturing, healthcare, and energy, rely on calibration services for precision and reliability.The Calibration Services Market faces numerous challenges in various industries such as 5G technology, autonomous vehicles, and those utilizing Augmented Reality and Virtual Reality. Precision manufacturing, Aerospace and Defense, Oil and Gas, Power Generation, Chemicals, Water, Telecommunications, Semiconductors, Healthcare, and Life Sciences all require calibration services to ensure Quality Standards and adherence to Regulatory Requirements. Calibration services involve calibration devices for heat, pressure, temperature, optical, electrical, photoelectric measurements. Original Equipment Manufacturers (OEMs) and Third-party calibration services cater to self-calibrated devices and calibration solutions. Industries rely on calibration labs for in-house calibration, using instruments like analog multimeters, calipers, chart recorders, clamp-on ammeters, data loggers, dial indicators, digital multimeters, force gauges, micrometers, oscilloscopes, signal analyzers, and spectrum analyzers. Tolerances and built-in self-calibration features are essential considerations.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This calibration services market report extensively covers market segmentation by 

Service Type1.1 Electrical1.2 Mechanical1.3 Thermodynamic1.4 Dimensional/physicalService 2.1 Third party vendors2.2 In-house laboratories2.3 OEMsGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Electrical- The Calibration Services Market ensures accurate measurement and maintenance of equipment through regular calibration. This essential service improves process efficiency, enhances product quality, and ensures regulatory compliance. Calibration providers offer on-site and laboratory services using advanced technology and certified technicians. By investing in calibration services, businesses minimize downtime, reduce costs, and maintain a competitive edge in their industries.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Calibration Services Market is experiencing significant growth due to the increasing demand for accuracy and precision in various industries. With the advent of 5G technology, the need for calibration services in telecommunications is surging. In the transportation sector, autonomous vehicles and advanced driver-assistance systems (ADAS) require frequent calibration for optimal performance. In industries such as aerospace and defense, power generation, oil and gas, chemicals, water, and precision manufacturing, calibration services are essential for ensuring product quality and safety. Calibration services encompass both in-house and outsourced solutions. Calibration management software facilitates efficient tracking and scheduling of calibration activities. A wide range of calibration equipment is used, including analog multimeters, calipers, chart recorders, clampon ammeters, data loggers, dial indicators, digital multimeters, force gauges, micrometers, and more. Electrical calibration and electronics manufacturing also require specialized calibration services. Military calibration services cater to the unique needs of the defense industry. Transmitter test software ensures the accuracy of measurement instruments in various applications.

Market Research Overview

Calibration services play a crucial role in ensuring measurement accuracy and maintaining regulatory compliance across various industries. With the advent of advanced technologies like 5G, Autonomous vehicles, Augmented reality, and Virtual reality, the demand for precise calibration is increasing. Precision manufacturing sectors such as Aerospace and defense, Oil and gas, Power generation, Chemicals, Water, Telecommunications, Semiconductors, Healthcare, and Life sciences rely heavily on calibration services for their equipment. Calibration services encompass various types, including calibration labs for in-house calibration and third-party calibration services. Self-calibrated devices and built-in self-calibration features are also gaining popularity. Calibration solutions cater to diverse applications, including heat, pressure, temperature, optical, electrical, photoelectric, and more. Industries require calibration for various types of equipment, such as analog and digital multimeters, calipers, chart recorders, clampon ammeters, data loggers, dial indicators, oscilloscopes, signal analyzers, spectrum analyzers, optical power meters, network analyzers, power analyzers, soldering stations, and voltage meters. Calibration services help maintain measurement accuracy, ensure quality assurance, and facilitate procurement and equipment rental options. They cater to industries like manufacturing, energy and utilities, electronics manufacturing, biotechnology, and military. Calibration services adhere to quality standards and regulatory requirements, providing solutions for electrical and mechanical calibration, thermodynamic calibration, and physical/dimensional calibration. Communication and instrument management are also essential aspects of calibration services, ensuring seamless integration and efficient operations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Service TypeElectricalMechanicalThermodynamicDimensional/physicalServiceThird Party VendorsIn-house LaboratoriesOEMsGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/calibration-services-market-to-grow-by-usd-1-79-billion-from-2024-2028–strict-regulations-on-product-safety-quality-and-compliance-drive-growth-report-highlights-ais-impact-on-market-dynamics—technavio-302234148.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

TotalEnergies ENEOS signs 15-year PPA with Thailand’s Jintana Intertrade

Published

on

By

NAKHON RATCHASIMA, Thailand, April 22, 2026 /PRNewswire/ — TotalEnergies ENEOS and Jintana Intertrade Co., Ltd. (Jintana), an established Thai garment manufacturer, signed a 15-year Power Purchase Agreement (PPA) to develop a 650 kilowatt-peak (kWp) rooftop solar photovoltaic (PV) system at Jintana’s manufacturing plant in Nakhon Ratchasima, Thailand.

The rooftop solar installation, with approximately 1,000 solar PV modules, is expected to generate over 1,000 megawatt-hours (MWh) of renewable electricity annually. This will supply around 55% of the site’s total electricity needs and will help avoid more than 480 tons of CO2 emissions annually for Jintana.

Under the PPA, TotalEnergies ENEOS will fully finance, design, install, operate and maintain the system, while Jintana buys the electricity produced throughout the duration of the agreement. This partnership offers Jintana substantial benefits, primarily through electricity cost savings, long-term energy price stability and enhanced sustainability credentials.

“We are pleased to sign this 15-year deal with Jintana, marking the start of our partnership to support their sustainability goals,” said Alexandru Buzatu, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia Pacific. “More corporates are adopting solar energy to reduce costs and meet sustainability targets. Integrating on-site solar power into manufacturing operations is a practical and effective approach for companies to reduce emissions and secure cleaner electricity for the long term.”

“Signing this project with TotalEnergies ENEOS represents an important milestone in Jintana’s sustainability journey. We are pleased to contribute to emissions reduction through the adoption of renewable energy at our manufacturing site and to take a meaningful step toward more sustainable operations. We hope this project will serve as a strong foundation for further progress, and we remain committed to supporting a lower-carbon future,” said Savitee Thanalongkorn, CEO of Jintana Intertrade Co., Ltd.

To learn more about TotalEnergies ENEOS tailored solar solutions, check out the free brochure, or contact directly for more information.

***

About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia

TotalEnergies and electricity
TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the beginning of 2026, TotalEnergies has more than 34 GW of gross renewable power generation capacity and aims to achieve over 100 TWh of net electricity production by 2030.

ENEOS Corporation and renewables electricity
ENEOS Group operates solar power plants in Japan and is also participating in renewable energy projects in the United States, Australia, Vietnam and Taiwan Region. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS’ first overseas renewable energy project using distributed power sources. 

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group’s envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group’s envisioned goals through a broad range of energy businesses. 

TotalEnergies ENEOS Contact
Media Relation: contact.solar.asia@totalenergies.com

About Jintana Intertrade Co., Ltd.
Jintana Intertrade Co., Ltd. is a long-established Thai intimate apparel company with more than 65 years of heritage. The company operates across two core business areas: the development and retail of its own brand, and manufacturing for both its branded business and OEM export customers. Built on a foundation of sincerity, quality and continuous improvement, Jintana combines trusted brand heritage with established manufacturing expertise to serve evolving customer needs in both domestic and international markets.

Jintana Intertrade Co., Ltd. Contact
Media Relation: marketing@jintana.com

TotalEnergies on social media

X: @TotalEnergiesLinkedIn: TotalEnergiesFacebook: TotalEnergiesInstagram: TotalEnergies

Cautionary Note TotalEnergies
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

Cautionary Note ENEOS Corporation
The terms “ENEOS”, “ENEOS Group” in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/totalenergies-eneos-signs-15-year-ppa-with-thailands-jintana-intertrade-302749571.html

SOURCE TotalEnergies ENEOS Renewables Distributed Generation Asia

Continue Reading

Technology

Taiwan’s Smart Tolling Technology Goes Global as Thailand Launches AI-Powered M81 Motorway System

Published

on

By

TAIPEI, April 22, 2026 /PRNewswire/ — Sightings of electronic toll collection (ETC) gantries resembling those used on Taiwan’s freeways have recently drawn attention on social media along the Bangkok–Kanchanaburi highway. Far Eastern Electronic Toll Collection Co., Ltd. (FETC) confirmed that the system is part of Thailand’s newly launched M-Flow multi-lane free-flow tolling system on the Intercity Motorway No. 81 Bang Yai – Kanchanaburi Route (M81).

Developed in collaboration with FETC International (Thailand) Co., Ltd. (FETCi Thailand) and the BGSR81 Co., Ltd, the system has officially entered operation, marking a significant milestone in Thailand’s transition toward smart, digitally enabled highway infrastructure.

The launch also strengthens connectivity between Bangkok and Kanchanaburi, effectively creating a “one-day travel corridor” and supporting regional tourism and economic activity.

AI-Driven Tolling Cuts Travel Time to 48 Minutes

According to Kenny Chen, Managing Director of FETCi Thailand, the M81 project demonstrates the flexibility and scalability of Taiwan’s ETC technology in complex international environments.

FETCi Thailand led the design, installation, and implementation of the tolling system and its Traffic Operations Center (TOC). The platform integrates artificial intelligence (AI) and Internet of Things (IoT) technologies to enable data-driven traffic management and operational decision-making. It is also designed for future expansion, including applications such as weigh-in-motion enforcement.

Thailand’s diverse vehicle types and more complex license plate formats presented technical challenges. These were addressed through advanced AI-powered automatic license plate recognition (ALPR), ensuring high accuracy in vehicle identification. Combined with multiple digital payment options, the system allows vehicles to pass through toll points without stopping.

Since its launch, travel time between Bangkok and Kanchanaburi has been reduced from nearly two hours to approximately 48 minutes. Weekend traffic volumes have reached around 55,000 vehicles per day, improving both tourism access and logistics efficiency in western Thailand.

M9 Experience Highlights Strong Economic and Environmental Benefits

FETC has also supported Thailand’s Department of Highways (DOH) since 2022 in deploying and operating the M-Flow system on the M9 motorway, including gantry design and operational consulting.

According to DOH data, the system has increased traffic throughput fivefold and saves motorists an estimated 3.33 million hours annually. It has achieved a benefit-cost ratio of 6.94, meaning each dollar invested generates nearly seven dollars in overall societal value.

In environmental terms, the system reduces fuel consumption by approximately 13.91 million liters per year and cuts carbon emissions by more than 36,000 metric tons, contributing to more sustainable transportation.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/taiwans-smart-tolling-technology-goes-global-as-thailand-launches-ai-powered-m81-motorway-system-302748486.html

SOURCE FETC International

Continue Reading

Technology

Critical Link Launches World’s First AI-Driven SOM Recommendation Engine, Powered by Rapidflare

Published

on

By

Critical Link and Rapidflare have jointly launched the world’s first AI-driven System on Module Recommendation Engine. Engineers can now describe their requirements in plain language and receive accurate, tailored SOM recommendations in seconds. Together, the two companies are redefining how electronics teams discover and select embedded solutions.

SAN JOSE, Calif., April 21, 2026 /PRNewswire-PRWeb/ — Critical Link LLC, a leader in system-on-module solutions, has introduced the world’s first AI-driven System on Module Recommendation Engine, powered by Rapidflare’s Rapid Product Selection Agent. The new engine advances Critical Link’s mission to help customers bring embedded products to market faster and more cost-effectively.

Together, Rapidflare and Critical Link are combining their strengths to make the journey from concept to product faster, smarter, and more closely aligned with customer needs. – Amber Thousand, Sr. Director of Marketing, Critical Link

In the electronics industry, selecting the right product often requires manually comparing hundreds of pages of datasheets or relying on rigid parametric search tools. Critical Link’s SOM Recommendation Engine is set to change that. With Rapidflare’s conversational AI agent, customers can describe their requirements in natural language and receive tailored recommendations in a fraction of the time.

“For years customers have asked for a better way to find the right SOM for their application. Launching this AI-driven engine with Rapidflare’s technology is a game changer,” said Amber Thousand, Sr. Director of Marketing at Critical Link. “Their accuracy, domain expertise, and speed of integration made them the clear choice to support our mission.”

Unlike generic AI agents, Rapidflare’s technology is purpose-built for complex product selection workflows. It combines knowledge graph-based reasoning, domain-specific intelligence, and industry guardrails to deliver recommendations that are both fast and reliable for electronics teams.

“The best partnerships happen when your mission aligns with your partner’s mission,” said Navanee Sundaramoorthy, CEO and Founder at Rapidflare. “We’re proud to partner with Critical Link to help make SOM product selection more seamless, intuitive, and efficient for their team and customers.”

Beyond accelerating product selection, the AI engine gives engineers a new way to engage with Critical Link. “We’ve always offered thorough documentation and product support to customers via our website, our engineering wiki, and personal contact. Adding the SOM Recommendation Engine creates a more efficient path for self-discovery, which we see as a growing trend,” said Thousand. “Together, Rapidflare and Critical Link are combining their strengths to make the journey from concept to product faster, smarter, and more closely aligned with customer needs.”

To explore Critical Link’s SOM Recommendation Engine, visit https://www.criticallink.com/som-recommendation-ai-agent/.

To learn more about Rapidflare and its AI-powered product selection solutions, visit Rapidflare’s website: https://www.rapidflare.ai/

About Rapidflare

Rapidflare builds AI-powered domain specific agents for electronics, semiconductors, and other technically complex industries. Its product intelligence powered AI platform gives teams natural-language access to product and engineering knowledge, making it easier to find accurate answers, support customers, and move faster across critical workflows. Rapidflare multiplies the impact of GTM teams by making critical technical knowledge instantly accessible, helping sales, solutions engineering, product marketing, support, and customer success teams move faster and operate with confidence. For more information, visit rapidflare.ai

About Critical Link

Critical Link designs and manufactures CPU-based, FPGA-based, and DSP-based system-on-modules (SOMs) for industrial electronic applications. Its production-ready embedded solutions help customers bring products to market faster and at lower cost by reducing development complexity, risk, and time spent building core processing subsystems from scratch. With a focus on product quality, long-term availability, lifecycle support, and close customer engagement, Critical Link serves OEMs across a wide range of industrial and technically demanding applications. For more information, visit the website: criticallink.com

Media Contact

Balpreet, Rapidflare, 1 2068614231, balpreet@rapidflare.ai, rapidflare.ai

View original content to download multimedia:https://www.prweb.com/releases/critical-link-launches-worlds-first-ai-driven-som-recommendation-engine-powered-by-rapidflare-302749279.html

SOURCE Rapidflare

Continue Reading

Trending